iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

February 16: NSE Bans Trading in 12 Stocks as F&O Limits Exceeded

16 Feb 2024 , 09:52 AM

On February 16, 2024, the National Stock Exchange (NSE) imposed a ban on trading in futures and options (F&O) for 12 stocks, as they exceeded 95% of the market-wide position limit (MWPL).

The affected stocks are Aditya Birla Fashion and Retail, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, Delta Corp, Hindustan Copper, India Cements, Indus Towers, SAIL, and ZEEL.

While these stocks are under the F&O ban, they remain available for trading in the cash market. The NSE updates the list of securities under the F&O ban on a daily basis.

Derivative contracts for the mentioned securities have surpassed 95% of the MWPL, leading to their inclusion in the F&O ban period by the stock exchange.

The NSE has mandated that clients/members can only trade in the derivative contracts of these securities to reduce their positions through offsetting positions. Any increase in open positions will result in appropriate penal and disciplinary action.

No fresh positions are permitted in the F&O contracts for these stocks during the ban period imposed by the stock exchanges. On the market front, the Sensex rose over 225 points to surpass the 72,000 mark, while the Nifty settled close to 22,000 on Thursday.

The 30-share BSE Sensex gained 227.55 points or 0.32%, closing at 72,050.38 points, with intra-day trade ranging from 71,644.44 to 72,164.97 points. The broader NSE Nifty recorded a gain of 70.70 points or 0.32%, concluding at 21,910.75 points.

Market heavyweights like M&M, HDFC Bank, and SBI contributed to the positive performance, and both Sensex and Nifty experienced a positive bias with range-bound trading during the day. The BSE smallcap index rose by 1.24%, and the midcap index closed with a gain of 0.93%.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • F&O ban list today
  • f&o ban today
  • news
  • Stocks in F&O ban
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.